In a bid to boost the falling home prices in localities around the country, the Federal Housing Finance Agency is considering a plan to rent out the foreclosed homes owned by Fannie Mae, Freddie Mac, and HUD. Right now, FHFA is soliciting input from investors regarding this new rental proposal for government-owned REO homes. Fannie […]
How to make a killing buying foreclosures
I’m sure you’ve read a few articles and watched a few shows on how foreclosures will make you rich. Let me tell you a little secret. It’s not all of the improvements that you’ve completed that make your profits, but it is how you buy. These types of properties are not always a good deal. […]
What you should know about “Bulk REO Portfolios for Sale”
Today I received an email from yet another individual who has found my blog, looking for “Direct REO Bulk Sellers”. Meaning individuals at a bank or mortgage company who are willing to sell their properties in bulk packages of dozens, hundreds or even thousands of properties all at once. I’ve spent quite a few hours […]